Learn the basics about property revaluation in this 8-minute CivicParent tutorial:
Month: December 2017
Street Safety – PS #3 Parent Concerns Survey (Responses)
In October 2017 I created a bi-lingual survey with my friend and fellow PS #3 parent, Catalina Aranguren. We shared it with the school community and asked for feedback. This post summarizes the responses. Our goals with this survey are to: Understand initial feedback about street safety concerns. Synthesize the concerns into actionable feedback for...
Jersey City 2017 Sales for Class “2” (1-4 Family) Properties, Mapped
This post is part of my effort to share information about Jersey City’s Property Revaluation. I wrote a Revaluation series last year which you can read here. In a citywide revaluation, your new assessment should equal your market value. When establishing market value of your home, one set of data that can be useful is...Continue reading
Am I Paying Too Much in Property Tax?
Figure out your ASSESSED value ASSESSED Value = Your home’s value according to the GOVERNMENT. Your assessed value is what the city thinks your property is worth for property taxation purposes. It is the basis on which your tax bill is computed each year: Your Annual Tax Expense = Assessed Value x Tax Rate Assessed...Continue reading
Why Property Revaluation is a Social Justice Imperative in Jersey City
Jersey City property taxes, as seen through state compliance data: Jersey City’s last citywide revaluation was in 1988. Jersey City’s 2017 equalization ratio is 23.66%. Jersey City’s 2017 coefficient of deviation is 35.66%. On this map: Green = under-taxed | Red = over-taxed NJ property tax law is based on this foundational premise: assessed values are supposed...
Who/What/When/Where/Why of Property Revaluation
WHO conducted Jersey City’s property revaluation? In 2016 Jersey City hired Appraisal Systems, Inc. for $4.4 million to conduct the revaluation. Here are some helpful links about the firm: ASI’s website page for Jersey City residents here. ASI’s generic powerpoint that explains the Revaluation process is here. This is an excellent overview of the general process....Continue reading